If a Nation's Balance of Payments Is Always in Balance

question 2

Essay

If a nation's balance of payments is always in balance, why isn't it also always in equilibrium?

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Definitions:

Safety Needs

Basic human requirements for security and protection, considered essential for well-being in Maslow's hierarchy of needs.

Basic Needs

Fundamental requirements necessary for individuals to achieve a minimum standard of living, including food, shelter, and security.

Ethos

The characteristic spirit of a culture, era, or community as seen in its beliefs and aspirations.

Credibility

The quality of being trusted and believed in, often achieved through consistency, honesty, and reliability.